IW study predicts a greater labor shortage in the future

The German economy is facing profound demographic and structural changes that will have far-reaching consequences for the entire labor market. While the current economic climate has seen a slight temporary easing of the skills shortage, according to the Ifo Institute – in January, around 22.7 percent of companies reported bottlenecks – a new, alarming analysis by the German Economic Institute (IW) paints a completely different picture for the medium-term future. The data clearly shows that...